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 Both the prompt and near futures settling with strong gains After a rest day for the UK bank holiday natural gas prices at the NBP continued the bull run on Tuesday with both the prompt and near futures settling with strong gains for the fifth session in a row.  The remaining winter months keep setting […]

The September contract expired on Friday at a record high An extension of the unplanned outage at the Nyhamna field until Tuesday and further planned maintenance on Norwegian facilities through September increased concern for short-term supply on Friday.  The concern for near term gas supply was exacerbated by a 5% rise in EU carbon prices […]

Demand on the UK gas system eased on Thursday Demand on the UK gas system eased on Thursday as renewable power generation picked up as forecast and the system ran in supply surplus throughout the day.  Despite the healthy supply-demand situation, prompt gas prices still gained an average of 1.34p day-on-day.  The futures market recorded […]

The UK gas market opened strongly on Wednesday The UK gas market opened strongly on Wednesday morning with gains of over 3.50p on the front month.  Prices eased later in the morning session as Norwegian deliveries were fully restored following the problem at the Nyhamna processing plant.  September finished just over 2.00p higher day-on-day while […]

UK gas prices opened with sharp gains on Tuesday UK gas prices opened with sharp gains on Tuesday, and these were extended throughout the day.  Reports of an outage at the Nyhamna processing plant drove prompt prices higher early in the session but gains were capped with news of increased wind generation for the remainder […]

 Early lift in UK gas prices on Monday morning was reversed Increased flows of Russian gas via the Yamal pipeline yesterday gave rise to optimism that recent restrictions on that line due to upstream problems have been resolved.  A fire at a compression station on one of the main supply points to the Yamal line […]

Biggest day-on-day loss on a front month contract since 2008 As more details of the likely commencement of commercial deliveries via Nord Stream 2 emerged, Western European gas markets retraced some of Thursday’s heavy losses.  The UK gas market rebounded from Thursday’s sell-off which saw the biggest day-on-day loss on a front month contract since […]

UK gas market experienced slightly less volatility Following rumours of pre-commissioning work on the Nord Stream 2 pipeline, Gazprom yesterday announced that it expected to ship 5.6bcm on the line by the end of the year.  The sell-off on Western European markets accelerated and while the UK gas market experienced slightly less volatility on Thursday, […]

UK gas prices fell lower again yesterday UK gas prices fell lower again yesterday as extreme volatility punctuated the market with an intra-day swing of almost 15.50p on the front month contract.  September fell as low as 103.05p very briefly in the afternoon before rallying strongly towards close of business to settle at 111.61p or […]

UK NBP seemed to pause and gave up a small proportion of the premium Following the extraordinary surge in European markets on Monday the UK NBP seemed to pause and gave up a small proportion of the premium amassed in the previous session.  The market opened softer initially and oscillated between losses and a flat […]